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As consequence, their leak abroad, the Bank can refuse the gold The standard.

Comprehension of the power of the central bank over scales of credit weight has generated

Idea about that it should build meaningly the monetary policy on "Scientific bases". There is, however, a question what to become called

Criterion of similar "scientific" management? Most often put forward to these

Time the criterion, namely - stability of an overall price level, has generated scepticism in

Theoretical circles, and attempts to use it in practice have ended

Failure. In spite of the fact that jobs of Mizesa, Hayek, Keynes, Mjurdalja (Myrdahl)

Production"; J. M. Keynes, "Der Gleichgewichtsbegriffals Instrument der geldtheoretischen Analyse "; T.

Koopmans, "Zum Problem der ' neutralen ' Geldes" in "Beitrage zur Geldtheorie", " Monetary Theory, "Treatise on Money"; G. Myrdahl, "The Theory of Money"and"Geldwertstabilisierung und

Konjunkturpolitik,

Under the editorship of Hayek, L. von Mises, "; F. A. von Hayek and the Trade Cycle "and

"Prices have considerably advanced degree of understanding of interaction of forces in

The economy, in our disposal still does not have criterion, exact enough Which formulation could be used as a management for

The monetary policy. At the same time reformers subject to criticism in the first

Turn efficiency of the control which is carried out by the central bank, and by no means

Not the purposes of this control. It conducts to appeals to even it concentration

Control functions in hands of the monetary power through expansion of the direct

The control both over issue of banknotes, and over deposits. One more argument possesses rather similar nature with the previous. It Considers the central bank as the important tool of realisation

The international cooperation in the field of a monetary policy. At least, in

The past such cooperation usually meant achievement of arrangements about

Use of a registration policy for the purpose of deflation avoidance in the country, which

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Vista Toolbar Icons Vista Toolbar Icons. A collection of practical and eye catching icons representing all basic operations required for surfing the internet or using various applications.

Basic Icons for Vista Make your software look as nice as Vista with icons crafted in the same style

Business Icon Set Business Icon Set is a library of fine-looking ready-made icons for use in programs and on websites. They are delivered in a variety of formats, sizes and color schemes.

Database Icon Set Database Icon Set brings you lots of bright and colorful icons for database software development. The images are available in all the common icon sizes and file formats include GIF, PNG, ICO and BMP.

Large Icons for Vista Large Icons for Vista is a collection of smooth and polished icons created in the same manner as the original Vista icons. The images come in two variants: with or without shadows.